State Trading Organisation STO has become the title sponsor of Maldives Business Awards.

In a ceremony held today STO and Blazon Inc Private Limited thé company which gives the award signed an agreement.

CEO of Blazon Hassan Abdullah Hilmy signed the agreement in behalf of Blazon while Mariyam Praveen thé executive secretary of STO signed the sponsorship agreement on behalf of STO.

This will be the second time STO will be sponsoring this event. The most successful company in last year’s business award was Allied Insurance Company a subsidiary of STO.